IMF Suggests Asset Disclosure for Senior Government Officials in Pakistan

The International Monetary Fund (IMF) has urged Pakistan to introduce a public asset declaration system for top-level government officers as part of its ongoing reforms to improve transparency and accountability in public institutions.

According to officials, the proposal aims to make it mandatory for all federal officers in grades 17 to 22 to declare their local and foreign assets every year. These declarations would be collected through a digital platform managed by the Federal Board of Revenue (FBR) to ensure easier tracking and verification.

Transparency and Trust

The IMF believes that transparent governance is essential for Pakistan’s economic stability. By making officials publicly disclose their assets, the government can build public trust, prevent misuse of power, and identify conflicts of interest.

Under this system, the FBR will create an online portal where officers can upload their details about properties, investments, and family-owned businesses. Sensitive information like CNIC numbers or bank account details will remain confidential, while the general asset information will be accessible to the public.

Part of Broader Reforms

This move is part of the IMF’s broader push for governance improvements tied to Pakistan’s financial support programme. Along with asset declarations, the government has also been asked to strengthen anti-money-laundering checks and improve the monitoring of public spending.

Sources say the digital declaration system could go live by next year if approved by the federal cabinet. The IMF is expected to review the progress in its next evaluation before finalizing further loan disbursements.

Experts Welcome the Step

Economic experts have welcomed the recommendation, saying it can help reduce corruption and improve Pakistan’s international reputation. They also stressed that the plan will only be successful if the verification process is transparent and consistent for all public servants.

In Summary

The IMF’s call for asset disclosure marks a major shift toward cleaner governance in Pakistan. If properly implemented, it could set a new standard of accountability within the public sector and help strengthen investor confidence in the country’s financial future.

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